The Côte d'Ivoire subsidiary of the pan the 2019 financial year on the Regional Stock Exchange (BRVM) where it is listed, announcing a
net profit of 21.6 billion FCFA. This result is up 22% compared to the 2018 financial year.
Under these conditions, it proposed to its shareholders that a gross dividend of 21.6 billionbr/> be distributed< FCFA, up 46% on the same basis of comparison.
Many investors, especially those looking for short this announcement which is rather generous. Indeed, when we take into account the value of Ecobank
Côte d'Ivoire on the BRVM, a new investor who would buy them on April 2, 2020, would offer a return of
nearly 12.34%. This is a level of gain on investing money that far exceeds average returns
bonds issued by the States of the West African Economic and Monetary Union (WAEMU).
Investors who want to stay with Ecobank CI shares for a long time will need to pay attention to
fundamentals of the Bank. This record net result was achieved thanks to a reduction in charges
of exploitation, but above all to an improvement of an indicator called the cost of risk. The Bank
does not clearly explain how it managed to bring it down and is content to salute "a
major effort to clean up the credit portfolio".
It is not excluded that the appropriation strategy adopted during the year was of some contribution.
The financial company reduced the outstanding loans to customers by 12% in favor of an increase in the
same level of investments in securities. If the securities acquired are those issued by the public treasury of
WAEMU on the regional money market, this limits the consideration of risk.
In terms of banking activity, both net interest margin and non posted down. In the first case, the bank explains that this is due to "the increase in charges
interest in connection with the refinancing" with the Central Bank. In the second case, she speaks
a "decrease in margins on foreign currency transactions with customers and in commissions
from cash management activities".